To improve economic connectivity and road transport efficiency in the Chennai Metropolitan Area through the construction of a peripheral road.
The planned activities under the proposed Project are:
For more information about project financing, please review the project summary.
AIIB will be the lead financier.
Applicable Policy and Standards: AIIB’s Environmental and Social Policy (ESP) will apply to the Project. ESS 1 (Environmental and Social Assessment and Management) and ESS 2 (Involuntary Resettlement) will be applicable. Applicability of ESS 3 (Indigenous Peoples) will be assessed.
Categorization and Rationale: Category A was assigned on the expectation that the anticipated environmental and social risks and impacts may be substantial due to land acquisition, physical and economic displacements and diversion of forest land.
Scoping and Planned Instruments: Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) are being prepared. The EIA will address Project related environmental issues. The SIA will have a Resettlement Plan (RP) to govern all physical and economic displacements.
Summary of Potential Risks and Impacts: Environmental impacts could include diversion of 0.28 hectares of forest land, and removal of nearly 2,765 trees. Other adverse environmental impacts will be temporary and reversible during the construction. Social impacts include 395 hectares of land to be acquired, and 576 structures to be affected with 676 Project Affected Households identified.
Grievance Redress Mechanism (GRM). A multi-tier Project GRM will be established.
The above matters, as well as the stakeholder engagement arrangements, will be further assessed during the due diligence phase and relevant Environmental and Social information will be disclosed and consulted upon accordingly.
Senior Private Sector Development Technical Specialist
The OPEC Fund for International Development (OFID)
Private Sector Operations